With speculation growing about the timing of the 2024 general election, many wondered what the Chancellor, Jeremy Hunt, would announce in his Budget to win voters over. To find out what was said in today’s spring budget (Wednesday 6 March 2024), read our quick roundup.
As the 2024 Budget draws nearer, the media has been busy speculating about what the Chancellor of the Exchequer, Jeremy Hunt, could have in store. With a General Election pencilled in for later this year, it’s likely Mr Hunt will do his best to attract voters with some announcements that protects their hard-earned cash. With this in mind, read on to discover some of the tax changes Mr Hunt might be thinking of announcing on 6 March, according to the media.
In this month’s commentary our Chief Economist, Colin Warren, looks at how Donald Trump’s policy proposals regarding tariffs, taxes and the Federal Reserve might impact the economy if he wins a second term.
In 2022 and 2023, interest rates and mortgage repayments rocketed. But in 2024, many lenders reduced their fixed-rate deals, which was a welcome relief for homeowners.
The world of finance can be jargon heavy and difficult to understand. This is especially true with pensions, thanks to the strict regulations and tax rules surrounding them.
While ISAs are popular, many account holders wait until the end of the tax year to place money into them. If you’re one of them, you may not realise that doing this could significantly reduce your wealth’s growth potential over the long-term.
Many higher earners failed to claim a valuable tax rebate in recent years. That’s according to This is Money, which revealed that the unclaimed sum reached a staggering £1.3 billion between 2016 and 2021. It added that research by PensionBee also found that 75% of eligible higher-rate taxpayers and half of additional-rate taxpayers failed to claim all of the rebate owed to them by the government.
In this month’s commentary our Chief Economist, Colin Warren, looks at some key consensus economic views for 2024, and also considers how they might turn out to be wrong.
After the new year celebrations, it’s a sad fact that January can bring a different kind of ‘new beginning’ for all too many Britons. Speak to any legal professional, and they’ll probably tell you that January is the month that divorce applications skyrocket. So much so that the second working Monday of the month has been dubbed ‘divorce Monday’, as it is when solicitors across the UK see a peak in applications.
